Currency snapshot (commodity pairs)

Dollar index trading at 96.59 (+0.25%)

Strength meter (today so far) – Aussie +0.01%, Kiwi -0.56%, Loonie -0.17%

Strength meter (since last week) – Aussie +0.01%, Kiwi -0.56%, Loonie -0.17%

AUD/USD –

Trading at 0.756

Trend meter –

• Long term – Range, Medium term – Sell, Short term – Range

Support –

• Long term – 0.683, Medium term – 0.72, Short term – 0.73

Resistance –

• Long term – 0.782, Medium term – 0.765, Short term – 0.765

Economic release today –

• Investment lending is up 3.9 percent in May and home loans are down 1 percent.

Commentary –

• Aussie is only marginally higher today. Active call – Buy AUD/USD at 0.752 and at dip with the stop loss at 0.71 and the target at 0.82

NZD/USD –

Trading at 0.725

Trend meter –

• Long term – Sell, Medium term – Range, Short term – range

Support –

• Long term – 0.66, Medium term – 0.69, Short term – 0.69

Resistance –

• Long term – 0.8, Medium term – 0.76, Short term – 0.73

Economic release today –

• NIL

Commentary –

• Kiwi’s advance was again halted at 0.73 area. Active call – Buy kiwi targeting 0.718 and the stop loss near 0.66

USD/CAD –

Trading at 1.306

Trend meter –

• Long term – sell, Medium term – sell, Short term – Range

Support –

• Long term – 1.248, Medium term – 1.25 , Short term – 1.25

Resistance –

• Long term – 1.334, Medium term – 1.32, Short term – 1.32

Economic release today –

• Housing starts data will be released at 12:15 GMT.

Commentary –   

• Loonie is down on weaker oil price.